The change in consumption divided by the change in disposable income is equal to
A) the slope of the consumption function.
B) aggregate expenditure.
C) household saving.
D) real GDP.
E) marginal propensity to save.
Correct Answer:
Verified
Q111: An increase in taxes will _ consumption
Q122: If disposable income increases by $500 million,
Q123: An increase in transfer payments will
A)increase consumption
Q125: If disposable income falls by $40 billion
Q126: Increases in the price level will
A)lower consumption
Q128: A stock market crash that causes stock
Q129: Economists Andy Kwan and John Cotsomitis' work
Q130: The decline in consumer spending during the
Q131: _ is defined as national income +
Q132: The consumption function describes the relationship between
A)consumption
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